121 Matthews Parade Corindi Beach NSW 2456

Modern 2012 build | Large 616m² lot | No overlays | Strong rental yield | Fibre & solar equipped This house presents a competitively strong offering due to its modern construction on a larger-than-typical block with no development constraints, a combination rare for the area. The 4-bedroom, 2-bathroom layout with dual living zones and sustainability features like solar suits a family or investor seeking a low-maintenance coastal property with reliable utility services. It is positioned for a buyer who values space and modern amenities without the renovation risk of older stock. The primary decision rests on paying a premium for its modern condition and land size against slightly older comparables. The calculated gross rental yield of approximately 4.1% provides a solid income foundation, supporting a hold strategy for long-term capital growth with immediate cash flow. This property warrants a purchase at or below its estimated market value, ideal as a long-term rental or primary residence. Our tailored report would verify this valuation through reconciled comparable sales and provide essential checks on locality risks and build quality for informed acquisition. Recent nearby listings indicate its guide is positioned at the upper end of the market for Matthews Parade, yet it offers a more modern build and larger land parcel than several direct competitors. Key comparables show: – 55 Matthews Parade: 2-bed, smaller house, $720k-$740k guide. – Lots on Tasman St: 3-bed, similar build size, from $765k. – 9-11 Thornbill Cres: 4-bed, similar lots, from $929k to $959k. This context suggests its price reflects its modern build and full configuration, demanding scrutiny of its finish and exact location to justify the premium.